Question: please answer all the questions immediately thankyou 35. Statement 1 -Employees are considered primary users since they are the one who handles and manages the





please answer all the questions immediately thankyou
35. Statement 1 -Employees are considered primary users since they are the one who handles and manages the assets of the company Statement 2- Current value includes fair value * (1 Point) True; True True: False False: False False; True 36. Which of the following is incorrect concerning financial statements? (1 Point) The objective of general-purpose financial statement is to provide information about financial position, performance, and cash flow of the entity Financial statements are prepared at least annually and directed towards the common needs of wide range users Financial statements prohode all the necessary information that users need to make economics and sound decision The management has the primary responsibility for the preparation and presentation of financial statements 37. Which statement is incorrect concerning the concept of capital? * in (1 Point) Physical capital is adopted by most of the preparers of the financial statements of the firms Financial capital is adopted if the users are primarily concerned with the maintenance of the nominal investec capital Physical capital is adopted if the users are primarily concerned with the operating capability of the entity choselection Selection of the appropriate concept of capital should be based on the needs of the users 38. Which of the following is not a component of a complete set of financial statements? (1 Point) Statement of Cash Flows Chistatement of Retained Earnings Notes comprising summary of significant accounting policies Statement of Financial Position 39. The primary responsibility for the financial statements of an enterprise rest with its un (1 Point) External auditors L Shareholders Management President
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